Jakarta. The Indian Ocean Rim Association, or IORA, summit will produce an agreement dubbed the "Jakarta Concord" to maintain peaceful and stable relations among member states, a Foreign Ministry official said on Sunday (05/03).

The agreement, titled "Indian Ocean Rim Association: Promoting Regional Cooperation for Peaceful, Stable and Prosperous Indian Ocean," will be officially signed by the heads of the states on Monday.

"The concord is Indonesia's initiative. It has obtained approval and support from other member states to be dubbed the Jakarta Concord," Desra Percaya, head of the Indonesian delegation at the summit said during a press conference at the Jakarta Convention Center.

IORA representatives also discussed possible common measures to fight terrorism and extremism.

During Sunday's meeting they have also finalized the action plan for the next four years.

The summit, themed "Strengthening Maritime Cooperation for Peaceful, Stable, and Prosperous Indian Ocean," has been held in Jakarta for the first time since the association was established in 1997.

At least 16 presidents, vice president and prime ministers confirmed their presence at IORA's leaders' summit on Monday.

The association's member states are South Africa, Australia, Bangladesh, the Comoros, India, Indonesia, Iran, Kenya, Madagascar, Malaysia, Mauritius, Mozambique, Oman, United Arab Emirates, Seychelles, Singapore, Somalia, Sri Lanka, Tanzania, Thailand and Yemen.

Two monitoring organizations, the Indian Ocean Tourism Organization and Indian Ocean Research Group, also participate in the summit.